Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$276,712$276,712$359,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$82,388$0
Funding fee$1,384$1,384$0
Note rate2.710%2.710%7.320%
Blended rate2.710%4.153%7.560%
1st payment$1,292.10$1,292.10$2,466.77
2nd payment$0.00$617.91$0.00
Taxes / mo$173.25$173.25$173.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$425.00$425.00$425.00
Total monthly$2,040.35$2,658.26$3,286.84
Cash to close$122,288$39,900$39,900